PGO – Pacgold Limited | Aussie Stock Forums

Pacgold been trail blazing sideways with a 140% rise since being on my watch from 11th NOV 21 @0.3c now @0.72c. I’ve been talking in high regard for the stock since it opened its Alice River Campaign.
Recent Ann for a firm commitment to raise funds of 7.8 million to accelerate exploration at there Alice River Gold Project.
After reading Ann, it sounded like they haven’t been drilling of late on there high grade F1a zone due to a lack of funds but this capital raise well see them well into 2023. And drilling exploration to commence around the 27th April 22…

Pacgold Receives Firm Commitments for A$7.8M to Accelerate Exploration on the Alice River Gold Project

Commitments of A$7.8M received for Placement to advance Alice River Gold Project

Placement strongly supported by new and existing sophisticated and institutional investors

A$3.2M Entitlement Offer on equivalent terms proposed for existing shareholder

Pacgold Limited (ASX: PGO; “Pacgold” or “the Company”) is pleased to announce the receipt of firm commitments to raise approximately A$7.8 million through a placement (“Placement“) of fully paid ordinary shares (“Placement Shares“) to advance the Alice River Gold Project.

The Company will issue 12,341,562 Placement Shares at A$0.63 per share to raise A$7.8 million (before costs). The Company will utilise its full placement capacity under ASX Listing Rules 7.1 and 7.1A to issue the Placement Shares. The Company is scheduled to settle the Placement on or about Wednesday, 27 April 2022.

Funds raised under the Placement will be used to accelerate exploration and drilling activities at the Alice River Gold Project, with focus on the high-grade F1a zone. The Placement and Entitlement Offer will see the Company well-funded into 2023, with 2 drill rigs on site and drilling ready to recommence.

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